The real estate market in Kerala has undergone significant changes over the last decade. As the economy has grown and the population has increased, the demand for luxury real estate has also risen. The changing landscape of luxury real estate in Kerala presents both opportunities and challenges for developers and buyers.
1. Growing Demand: As Kerala's economy has grown, so has the demand for luxury real estate. The state has a large number of affluent individuals and NRIs who are looking for premium properties. Luxury homes offer modern amenities, high-end finishes, and a comfortable lifestyle, which are increasingly being sought after.
2. Rising Income: With the increase in disposable income of individuals, there has been a growing demand for luxury homes in Kerala. Many professionals who have returned to Kerala after working abroad or in other states are looking for premium homes that match their lifestyle.
3. Tourism: Kerala has become a popular tourist destination, and the demand for luxury vacation homes has risen significantly. Many investors are buying properties in prime locations to convert them into vacation homes or homestays.
4. Attractive Investment: Luxury real estate in Kerala is a lucrative investment opportunity. Properties in prime locations, with unique features and amenities, tend to appreciate quickly and offer high rental yields.
1. High Prices: Luxury homes in Kerala are priced higher than other types of properties. This makes it a challenge for many buyers to make it financially viable, and developers must ensure that the amenities and features offered justify the higher costs.
2. Lack of Infrastructure: Many luxury properties in Kerala are located in areas that lack basic infrastructure facilities such as proper roads, electricity, and water supply. This poses a challenge for developers to provide these amenities and create a comfortable living environment.
3. Regulatory Challenges: Real estate development in Kerala is subject to strict regulations and government approvals. Obtaining permits for construction and project completion can be a lengthy and complex process, adding to the cost of the project.
4. Competition: The luxury real estate market in Kerala is highly competitive, with many developers vying for the attention of affluent buyers. Developers must ensure that their properties offer unique features and amenities that set them apart from others in the market.
The changing landscape of luxury real estate in Kerala offers both opportunities and challenges for developers and buyers. While the growing demand for luxury homes presents a lucrative investment opportunity, developers must ensure that their properties offer unique features and amenities that justify the high cost. Buyers, on the other hand, must carefully consider the location, infrastructure, and regulatory requirements before investing in luxury real estate in Kerala. With careful planning and attention to detail, developers and buyers can navigate the changing landscape of luxury real estate in Kerala and benefit from this growing market.
Building your new home is an exciting and at times overwhelming experience, but for your builder it is very routine, which is why you need to be an active participant in all aspects of the home building process to ensure you end up with your dream home. Varma Homes are the top builders in Kochi, Kerala for flats & apartments, and we assure you the best end results. Building your new home cannot be a passive exercise, because there are so many decisions that must be made by you. If you are unable or unwilling to make these decisions, you will force your builder to make them and run the risk that your new home won't turn out the way you envisioned it or cost what you thought. Varma Homes envision to have a clarity in our thought processes which would eventually pave way to build quality homes delivered on time. Here are few things you must know and take into consideration when building your new home: 1. Do a little research to find out the best reputed builders Do your research when it comes to choosing a builder. How long have they been in the business? What is their reputation? Can you see examples of their work? Is there anyone who has used them before that you can speak to? Don't be afraid to meet with multiple builders to discuss your plans. Many builders are out there, but not all are created equal. Whether you search for information online or get recommendations from your family and friends, find out whether a builder is respected for doing quality work as well as being punctual. The building process isn’t short, so make sure you are happy with your team — we, the best builders in Cochin are ready to help you with it. This requires doing a little To start the building process right, you’ll want to do the following: • Conduct extensive online research to make sure you’re using a reputable builder • Get referrals from friends and family • Look at examples of the builder’s current work Varma Homes are the best home builders and property builders in Cochin offering new luxury flats, apartments and residential projects in Kochi, Thrissur, Trivandrum, Kerala. 2. Ask questions (and more questions) You need to understand the parameters of what the builder is doing for you. And you get that information by asking questions. Make sure the builder can execute what you want, because not all builders can accommodate custom designs. One of the first things you should do before meeting with your team for the first time is to identify what you don’t know, and then eliminate that doubt. If this is your first time building, there are probably going to be a lot of things you don’t know, and that’s fine. There are no dumb questions. Here are a few starter questions: • What exactly are you paying for? • Do you need full architecture/design/build services, or do you just want a blueprint? • How much time should you allow? 3. Determine your budget Before you start building your new home, run some numbers to determine whether you can afford to build the home you want. Know well the present scenario and make maximum utilization of the incentives provided by the government. Make sure you have a significant amount of money set aside for things you think of throughout the process that you want to buy yourself and have the builder install. Also, don't forget to budget for new furniture if needed for the whole house. 4. Find suitable land Make sure you can find affordable land prior to getting caught up in finding a builder and designing a house. No matter why you're purchasing a piece of property, nothing is more important than location. If you're making an investment, don't buy land with no resale value. If you're aiming on starting up a business, don't buy land completely isolated from potential customers. And if you're looking to build a house, don't buy land you can't build on.
Read MoreWhile buying a dream house many people have to go through this question "2 BHK or 3 BHK" which one to buy? This is a very tricky question for sure but no worries, we have the solution. This blog will help you make a judgment on the capital energy of Real Estate Investment, with a contrasting measure choice between a 2 BHK flat and a 3 BHK flat in Kochi.Choosing the correct one is very important for your future as well as your family. There are a lot of factors and parameters which will affect your decision on the buying process of your dream house. Let's discuss the details.BudgetIf you are on a tight budget, then go for the 2 BHK apartments. They offer a decent amount of space for your family, along with the pride of ownership. But if you aren't tied down by financial constraints, a 3 BHK apartment will give you a much better lifestyle - at a nominally larger cost.FamilyA 2 BHK makes good sense for bachelors and young couples as there will still be a room leftover to serve as a guest room. But for growing families with kids or live-in parents, a 3 BHK makes more sense and provides enough space for everyone. Most people buy homes once in their lifetime, so plan for the future too while buying.Rent/ResaleAs far as renting or resale is concerned, it's easier to get tenants and buyers for a 2 BHK when compared with a 3 BHK apartment. However, that doesn't mean that getting a buyer or tenant for a 3 BHK is impossible - it's just that it might take a little more time, that's all!DesignFor those who prefer minimalist lifestyles where space isn't a major requirement, then 2 BHKs are ideal. But for those with greater space requirements such as those working from home, then a 3 BHK makes a better choice as it offers greater space and privacy for a peaceful home office.Home MaintenanceHome maintenance is an important part of daily life and when it comes to keeping up with the cleaning chores, a smaller 2 BHK apartment is definitely more appealing. For those looking for homes that are low on maintenance, then 2 BHKs are the answer. By comparison, 3 BHK apartments are larger and require greater effort to keep them clean and orderly. The best option is to just hire a maid and buy the 3 BHK instead!InflationIf the inflation rate is high, the construction rate, interest rates, etc. also become high. Inflation has a direct impact on real estate agents and their properties. As we know that there can be even more increases in property rates and prices. Thus, it is very important to make the decision in a shorter span of time. If the inflation rate is quite normal then you should go for 3 BHK and if the inflation rate is high then you should choose 2 BHK flat.Loan AmountLoan or mortgage amount also affects the choice of the size of your house. If the permitted loan amount is more with the affordable interest rate, then you should always choose the 3 BHK flat and if the loan amount is less and the interest is comparatively more than 3 BHK will not be considered the right option. It won't be affordable for you and will be out of the budget. In this case, a 2 BHK flat is the best & affordable option.Also Read: What are the Common Mistakes to Avoid While Investing in Real Estate ?PropertyBefore finalizing anything be sure about the property you want to make your dream house at. If your desire is to buy a 3 BHK flat and your budget permits you to do so then you should always buy the one! But if not then you can even get good property ranges in the 2 BHK flats. Varma Homes provides a great life experience regardless of the specification you go for.Varma Homes, the most trusted and reliable builder in Kochi, celebrate with you all your enjoyable moments in life with your family. Potential homebuyers are currently welcome to visit and feel sample apartments ready at Varma Homes. Visit the show home to have a peek at your fun-filled dream home.
Read MoreThe housing concept has been changed massively in the present housing market owing to the desires & demands of the purchasers. Until ages back, a home implied acquiring land & constructing an independent house, however, in the current situation, a home is nothing less than a luxurious residence with all the conveniences & amenities. As you begin your apartment search, you'll need to brainstorm a rundown of ideal amenities your new home will bring. Picking a way of life of your own is something you can't face any risks. ‘Uncompromised’ is something that many top real estate builders in Kerala, like Varma Homes comprehend and respect. The interest for an individual space that you can call your own has consistently been a trendsetter, and nobody comprehends it better than Varma Homes, the most reliable and the trusted builder in Kerala. There is no denying that apartment life creates your life more relaxed & more enjoyable. As with our busy schedule, we often forget about peace & comfort for the well-functioning of our body, mind, & of course life. Hence, choose an apartment that has a comprehensive set of amenities that cater to your overall well-being. Take a glance at the apartment amenities that you must search for while selecting an apartment. Sports, Wellbeing & Recreational Activities Amid our bustling lives, it turns out to be simple for us to compromise our wellbeing. Anyhow, this can be effortlessly controlled if all the provisions are within our reach. Ie. Right from the swimming pool, gym, yoga hall, sports arena, spas, etc, ensure that your builder is giving you adequate amenities that will take into account your prosperity. Having these amenities after a restless day at your office is significant for leisure & social bonding to retain a healthy environment in society. Parking Provision Before finalizing a deal, it is important to check whether the apartment has a spacious reserved parking space that offers individual parking and separate guest parking to simplify the parking for residents. Typically, apartments with numerous units provide these, however, you need to affirm it. Aside from this, watch that there is a different parking spot for differently-abled individuals & ambulances. Similarly, ensure there is a suitable fire engine access way across the loft premises to arrive at emergencies (If happens). Well-designed Landscape Lavish and large lawns aren't just useful for your reviving yoga practice or morning walks, but on the other hand are an incredible spot to hold gatherings, events, parties etc. Including a lawn inside your apartment community is not lavishness, yet a need. Thus, ensure that your apartment premises have a landscape that is consistently available, and is constantly looked after appropriately. Clubhouse A carefully planned clubhouse takes your decision of choosing an apartment a bit higher. A clubhouse contains a banquet hall that comes truly helpful when masterminding your wedding anniversary party or child's birthday celebration, or any other special occasions. It gets troublesome and irritating to chase for banquet halls whenever an occasion occurs. So, having a clubhouse inside your apartment premises is an added advantage for the race of constructing happiness in your life. Security System & Power Backup This is an indispensable element of your apartment checklists. Your apartment should have a 24/7 professional security service with CCTV surveillance. Together with the apartment should also be equipped with an alarm system, intercoms, emergency buzzers, & top-of-the-line security installations to ensure that your apartment premise is secure. Additionally, make a point to check with your builder that your apartment has a proper power backup to support the electrical supply to save yourself from frequent power cuts. Play Area For Kids A secure play area for kids can work wonders to get your children involved with some physical activity. As much as studies, playing is fundamental for comprehensive development in kids. Meanwhile, most of the kids obsess over watching videos or playing games on tablets & mobile phones, urging them to go outside and play is a mission for guardians nowadays. But a striking, safe play area for kids is an incredible alternative to lure kids outside to play with the neighbouring kids. Hence, check with your builder if they would offer a play area, & make sure to check its quality if possible because your child’s safety comes first. Incessant Water Supply Water is life and getting a continuous water supply is one of the essential apartment amenities that you should deal with before purchasing a flat or apartment. Though the vast majority of the metropolitan urban areas are confronting water shortage and the apartment dwellers are struggling to get a legitimate freshwater supply. So, prior to picking an apartment ensure that there is an additional water supply accessible in the event of water shortage. So, if you are looking for an apartment, make sure you get all the amenities you will need to make your new space feel homey & lively. Being the most trusted builder in Kerala, Varma Homes, have high-end apartments projects in the prime locations of Kerala like Thiruvananthapuram, Kochi, Tripunithura, Thrissur and Kozhikode without any compromises for the convenient and modern amenities to ease life for residents. So, go ahead and take your preferred pick from our array of high-end apartment projects where you get comfort and convenience at its best!
Read MoreKochi is quickly becoming one of Kerala's most popular real estate and builders' destinations. Now Kochi, a tier 2 city, currently offers an ultra-modern lifestyle in addition to being one of India's most prominent IT hubs. Real estate is growing not only in the residential sector, but also in the commercial sector, as the city expands with cutting-edge shopping malls, hotels, and office buildings. If you are looking to buy apartments in Kochi, this is a good choice since it is easily accessible by road, rail, boat, and air from anywhere in the globe, resulting in the expansion of businesses and infrastructure in the area.Purchasing flats or apartments in Kochi, whether as an asset or an investment, is a major decision that requires careful consideration. When looking for a place to call home, one of the most important factors we consider is location. We all want to buy our ideal flat or apartment, complete with all of the current amenities.Benefits of Buying Flats in KochiThere are a lot of benefits to buying flats in Kochi, Luxury flats and apartments are the main trends seen in Kochi City, and most of them are located near the Kochi metro stations and important towns in Ernakulam.Kochi has some of the most reputable schools in the country. There are various international schools and institutions in the city that provide top-quality education. Now Kochi is a growing IT hub, with Info Park and Smart City, offering several job opportunities. And major services like hospital facilities, Uber services, and supermarket services are also accessible in Kochi. Families can also get great satisfaction from buying flats in Kochi because they can spend weekends in Lulu mall or other famous malls in Kochi, and also Kochi metro is there for their travelling purpose.In terms of investment, Kochi is a fast-growing city with limitless potential, and the need for apartments will always be on the rise.Smooth ConnectivityKochi has excellent connectivity thanks to the availability of all modes of transportation, including road, train, air, and water. With the introduction of the Kochi Metro Rail, the city's transportation has become even more beneficial. Kochi is the first Tier-II city to have an operational Metro Rail. Kochi's international airport terminal links the city to countries worldwide as well as Indian cities. Kochi is the preferred city for investors due to the availability of natural resources and excellent infrastructures, such as a large number of international and domestic flights, a modern and efficient airport, and a growing number of luxury and mid-range hotels situated in the city and adjoining districts.Vibrant LifestyleThe city has the most thriving lifestyle in the state, with malls and a multitude of entertainment, culinary, and recreational opportunities that are very attractive and mainstream. Kochi is one of Kerala's most popular tourist destinations due to its exposure to world-renowned athletic engagements, fashion exhibitions, and trade shows. Kochi is an emerging travel destination for many of the world's top vacation destinations. Kochi is also a desirable retirement location due to its temperate climate, beautiful coastline, and low cost of living.Return on InvestmentThe growth of the real estate market is attributable to the course of time, which gives you innovative and infinite ways to invest. Kochi has a shining vision down the road, with expansion and advancement that look compelling. Every investment is completely secure and will be good enough to justify it. Since India is a booming economy, it only tends to increase a property's rate of return. Selling it in the long term will only outweigh the investment cost. The longer an investment in Villas in Kochi Is retained, the more significant revenue is generated.IT Hot SpotIndia is in the initial phases of the tech revolution, and it is expected to speed up over the succeeding years. With the Infopark and SmartCity Campuses, the potent IT industry of the country has also made itself recognized in the city. Large multinational corporations (MNCs) from all over the world thrive here because the cost of doing business is low and workers are inexpensive. Homebuyers are also empowered in the emerging real estate market because builders in Kakkanad are constantly volunteering to think outside the box.Ample Employment OpportunitiesThe swelling number of businesses in the city has presented residents with increased employment options. The Kakkanad technological cluster and the Cochin Special Economic Zone (CSEZ) have become appealing locations for enterprises and businesses seeking to establish their base in India. The proximity of well-developed transport infrastructure and a large population of potential customers and partners has made the city attractive for businesses seeking to expand or start-up. The presence of large foreign corporations in the city has provided a good platform for the growth of the local employment sector.CostKochi's real estate market is attractive for flat or villa owners due to the low cost of ownership. Countless renowned constructors produce magnificent apartments with creative designs and present them at fair rates. Flat or villa owners can choose from various layouts and interior designs, including ones with a swimming pool or rooftop terrace. While the market for apartments in other megacities is flooded with high-rises and luxury apartments, apartment complexes in Kochi are popular among the locals for their amenities, affordability, and comfort of living.Also Read: Top 5 factors to consider while purchasing a flat that you want to resale in the futureTourism HubKochi receives millions of tourists annually, which is crucial in adding significant value to the city's earnings. It has historical pertinence and is a popular attraction for its coastline, lush countryside, and watersheds. Kochi is also visited annually by domestic tourists for cultural celebrations and festivals. The city's aspiration to become a prominent vacation spot provides a pathway for the skyrocketing demand for the hospitality industry and its ancillary sectors. Furthermore, the proximity of large international airports and the growing popularity of cruise tourism make the city an attractive destination for international visitors.Varma Homes is one of the famous builders in Kerala offering an array of choices for those who are looking for the Best Flats in Kochi. If you are planning to buy Budget flats in Kochi, I would say it is a wise choice. We have our projects in Kochi. You can trust and invest in our projects; our executives are always ready to help you. You just need to make a call, and we are there to suggest the best option for you. Your dream is just a call away!
Read MoreNow the home buying concept has become so changed than how it was before. Most people are now well aware of the current marketing trends and are keen on every minute thing. So, this makes it challenging for real estate builders. When it comes to purchasing a home, individuals want the best for their family. Gone are the days when the driving factors for buying a home in Kochi were only the location and budget preference of a buyer. Today’s fast-paced world demands a home with modern amenities that make you instantly feel better when you return from a long day hectic work schedule by selecting thoughtfully designed housing projects for all age groups. To simplify things, here we have listed certain mandatory amenities in a smart apartment where the buyer needs to look at. Recreational Facilities: With the hectic work schedules, giving time for oneself isn’t easy nowadays, but it is so necessary to de-stress regularly. This is why many urban dwellers demand recreational facilities within the apartment premises. This could include gymnasiums, tennis courts, swimming pools, yoga hall, sports, spa, play areas for kids and so on. This is the best option to save your precious time when you get all the recreational facilities to rejuvenate yourself under one roof. Power Backup: Today, power cut off is the most common problem in every residential area and hence, it is better to ensure that the housing society is equipped with a proper power backup setup. Along with the apartment, clubhouse, pool and other areas also need a power backup. It prevents further mishaps in the compound and hence is most necessary. Waste Disposal: It is wise to check on waste disposal procedures followed in your apartment complex. If your city exists certain rules for segregation and disposal of waste, then you have to check whether your selected apartment has a system to confirm the same is carried out. Security System: Security provisions are a must in amenities in every apartment unit. An unsecured apartment is a bad choice of investment, so before buying check whether your apartment block contains advanced security features like emergency alarms, exits, round-the-clock security personnel, earthquake-resistant materials, fire hoses, extinguishers, basement flood pumps, CCTV surveillance, automated security devices etc. Thus, it is significant to know that you, your family members, kids and your pets are safe in your apartment, and that your belongings are secure when you are away from home or at work. I.e. When you give importance to security in your space, you and your family can live safely & happily. Parking: Before moving into an apartment, check whether it has a spacious reserved parking lot that offers individual parking garages and a separate guest parking to ease the parking for residents. Usually, apartments with many units provide these, but you have to confirm it. Apart from this, check that there is a separate parking space for disabled people and ambulance. Likewise, make sure there is proper fire engine accessway across the apartment premises to reaching emergencies, if occurs. Provision for Senior Citizens: Like kids, the senior citizens also require additional amenities which really make a difference by creating daily life easier and better for them. Separate walking tracks, wheelchair access with stairs, safe pool area, grip floor etc. can make life beautiful for senior citizens. Balconies: The good structure of balconies increases the alluring factor of your home and used to admire the natural beauty. It has extensive use for activities like washing clothes, drying clothes, growing plants and even a small hangout area during the evenings. When you love to spend some quality time on yourself, the balcony of your home is the best relaxing zone in your apartment. In Short, Apart from these mentioned above, your apartment buying process must include checking on all the essentials too. If you are looking for an apartment in Kochi, Thrissur or Trivandrum with all the high-end apartment amenities, then you can contact Varma Homes, the most trusted builders in Kerala. We provide all kinds of unique perks to offer your apartment life with full mode of happiness & conveniences. With the motto of building trust & delivering happiness among clients, we stand as the best investment choice in happy homes for generations! So, book your favourite apartment with us today!
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